Key Developments: Endeavour Silver Corp (EXK)
4.08USD
24 May 2013
$-0.07 (-1.69%)
$4.15
$4.14
$4.23
$4.05
629,519
1,391,624
$10.73
$3.72
Latest Key Developments (Source: Significant Developments)
Endeavour Silver Corp Reaffirms FY 2013 Production Guidance
Endeavour Silver Corp announced that for fiscal 2013, it expects silver production to rise 12-18% to 5.0-5.3 million oz and gold production is anticipated to increase 19-27% to 46,000-49,000 oz. Silver equivalent production is expected to climb 14-22% to 7.3-7.8 million oz (silver:gold ratio of 50:1). Full Article
Endeavour Silver Corp Signs Two Contracts To Sell Silver-gold Concentrates And Facilitate Higher Production In 2013 From Bolanitos Mine In Mexico
Endeavour Silver Corp announced that it has signed two contracts to sell its silver-gold concentrates and facilitate higher production in 2013 from its Bolanitos mine in Guanajuato State, Mexico. The two contracts are commercially competitive with Endeavour's own costs to process these concentrates into saleable metals. Full Article
Endeavour Silver Corp Reaffirms FY 2013 Production Guidance
Endeavour Silver Corp announced that it plans another year of organic growth in fiscal 2013, silver production is forecast to increase 12%-18% to 5.0-5.3 million oz, gold production is anticipated to increase 19%-27% to 46,000-49,000 oz as shown in the table below and silver equivalent production is expected to climb 14-22% to 7.3-7.8 million oz (at a silver:gold ratio of 50:1). Full Article
Endeavour Silver Corp Issues FY 2013 Production Guidance
Endeavour Silver Corp announced that for fiscal 2013, it expects silver production to rise 12-18% to 5.0-5.3 million ounces (oz) and gold production is anticipated to increase 19-27% to 46,000-49,000 oz. Silver equivalent production is expected to climb 14-22% to 7.3-7.8 million oz (at a silver:gold ratio of 50:1). Full Article
Endeavour Silver Corp Acquires San Fernando Property Adjacent To Milache Discovery Near Guanacevi Mine, Durango, Mexico
Endeavour Silver Corp announced that it has purchased the San Fernando mineral property located about 1.5 kilometers northwest of Endeavour's Guanacevi Mine properties in Durango State, Mexico. San Fernando is a small property (20 hectares) strategically located adjacent to Endeavour's emerging new high grade silver-gold discovery on the Milache property. The property covers the upper portion of the Santa Cruz vein which hosts the Milache mineralization, and holds good potential to host any northern extensions of the Milache discovery. Exploration drilling is planned at the San Fernando property in 2013. Endeavour also announces that its exploration drilling program at Milache continues to extend the recently discovered high grade silver-gold mineralized zone in the Santa Cruz vein to more than 300 meters (m) long by 250 m deep, still open for expansion to the north and at depth. Full Article
AuRico Gold Inc Sells Endeavour Silver Shares
AuRico Gold Inc announced that it has sold its approximate 11.1% equity interest in Endeavour Silver Corp. (Endeavour), consisting of approximately 11million Endeavour common shares, on an underwritten block trade basis, for gross proceeds of $95 million (approximately $97 million). The syndicate was jointly led by CIBC, BMO Capital Markets and Dundee Securities Ltd. Full Article
Endeavour Silver Corp. Comments On Q3, Q4 2012 Production Guidance
Endeavour Silver Corp. announced that for the third quarter of 2012, it expects Silver production and cash costs to rise reflecting the addition of El Cubo. The Bolanitos mine expansion from 1,000 tonnes per day (tpd) to 1,600 tpd, the Guanacevi plant optimization from 1,000 tpd to 1,200 tpd, and the operational turn-around at El Cubo should each contribute to higher silver production and falling cash costs in fourth quarter of 2012. Full Article
Avino Silver & Gold Mines Ltd. Enters Into Option Agreement With Endeavour Silver Corp.
Avino Silver & Gold Mines Ltd. announced that it has entered into an option and joint venture agreement with Endeavour Silver Corp. (Endeavour), whereby Endeavour was granted the option to acquire up to a 75% interest in the Laberinto Property (the Property), Durango State, Mexico, consisting of approximately 91.7 hectares. In order to exercise the option, Endeavour must pay up to $200,000 in annual installments over 4 years to Avino in option payments, and incur up to $3 million in exploration work on the Property over the next 4 years. Upon Endeavour acquiring its 75% interest, a joint venture will be formed, under which if any party does not contribute its proportionate share of costs, its participating interest will be diluted on a pro rata basis according to the contributions of all parties. If any party's participating interest is reduced to 10% or less, then its interest will be automatically converted into a 2.5% net smelter returns royalty. Full Article
Endeavour Silver Corp. Raises FY 2012 Production Guidance
Endeavour Silver Corp. announced that for fiscal 2012, it expects consolidated metal production rise to around 4.9-5.0 million oz silver and 33,500-35,000 oz gold (6.74-6.92 million oz Ag Eq.) Full Article
Endeavour Silver Corp. And AuRico Gold Inc Complete Purchase/Sale Of El Cubo Mine And Guadalupe y Calvo Project In Mexico
Endeavour Silver Corp. and AuRico Gold Inc announced that they have completed the acquisition by Endeavour of 100% interests in AuRico Gold's El Cubo silver-gold mine in Guanajuato State, Mexico and the Guadalupe y Calvo silver-gold exploration project in Chihuahua State, Mexico. Total consideration paid at closing by Endeavour was USD200 million comprised of USD100 million in cash and USD100 million in Endeavour common shares (11,037,528 shares). AuRico will also be entitled to receive up to an additional USD50 million in cash payments from Endeavour conditional on the occurrence of certain events during the next three years. Endeavour will provide more details on its plans for El Cubo and Guadalupe y Calvo next week. Full Article
UPDATE 2-Canadian miners cut jobs, spending as metal prices fall
* Endeavour Silver to defer 20 pct of capital investments in 2013
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